Provo council approves $39M bond for rec center

Provo council approves $39M bond for rec center


Save Story
Leer en espaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

PROVO, Utah (AP) -- A new recreation center is finally coming to Provo.

Municipal Council members on Tuesday approved a $39 million bond issue to pay for the project backed by two mayors and endorsed by city residents in a November vote.

The Daily Herald reports that Mayor Lewis Billings raised the need for the center, and Mayor John Curtis carried it through to the ballot.

Opponents of the bond had called a recession a bad time to be issuing bonds.

But Provo assistant finance chief Dan Follett says the current market offered the best interest rates in the last 20 years.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Most recent Utah stories

Related topics

UtahPolitics
Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast